The U.S. has six major classes of wheat, with Hard Red Winter (HRW) comprising more than 40 percent of the total. Analysts have noted that the 2022 HRW crop is the smallest since 1957. Drought has certainly impacted harvested acres and yield, but overall U.S. wheat production has been on a steady decline for many years. It has been averaging almost a 1 percent decline per year. The U.S. is the world’s fifth overall largest producer of wheat, but when looked at by its individual classes, the output is smaller than many other countries’ total output. China and India produce a lot more wheat but are smaller exporters. While the U.S. exports almost half of its far smaller volume of wheat produced, Europe consumes internally 7...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.